DOW

Good old Dow ...made a good recovery . I was short on this index and made a nice profit. Its a shame that I could not make more I was also short on the ftse and made a profit on that one that also got bailed out .
Moral of the story....take profits while there there. I did.... ...with trading you should look to take profits regularly and don't be greedy.
That's the best way to survive trading the indexes . You also don't have to be in the market every day. When it's sunny go enjoy yourself.

'Moral of the story....take profits while they're there'

Amen to this!

Wave Surfer thanks for your encouraging words.Patience for trading at the right levels,actively v over trading are disciplines that I learning.
I still am so tempted to trade when I see US indices at levels yesterday and last Fri. Then I stop myself, as I don't have a clear plan.
Your charts and analysis do make understanding markets easier.

for those that like to surf the waves

NFP double barrel sword today... good numbers then more noise abt fed tapering, bad numbers then the noise is quelled for the time being....






dl.dropboxusercontent.com/u/40497882/DOW_1hr_wave.JPG

you got your surf board out mate?

If anybody free today come on to chat. Work is quiet for once. (famous last words).

Quite a whipsaw on the FTSE, which has since moved up and is now fighting with the downtrend line on the hourly - might be an interesting afternoon!